Yext $YEXT Position Reduced by Tenzing Global Management LLC

Key Points

• Tenzing Global Management LLC reduced its position in Yext by 9.4% during Q1, owning 2.3 million shares after selling 237,500 shares.
• Other institutional investors have increased their stakes in Yext, with Martingale Asset Management boosting its position by 16.4% in the same quarter.
• Analysts have mixed sentiments on Yext, with three ratings for Buy, two for Hold, and a consensus target price of $9.44.

Tenzing Global Management LLC lessened its stake in Yext (NYSE:YEXT - Free Report) by 9.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,300,000 shares of the company's stock after selling 237,500 shares during the period. Yext accounts for about 10.3% of Tenzing Global Management LLC's portfolio, making the stock its 2nd largest position. Tenzing Global Management LLC owned 1.85% of Yext worth $14,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Martingale Asset Management L P increased its stake in Yext by 16.4% in the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock worth $88,000 after buying an additional 2,002 shares during the period. Bank of New York Mellon Corp increased its stake in Yext by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company's stock worth $2,029,000 after buying an additional 2,776 shares during the period. Entropy Technologies LP increased its position in Yext by 24.3% during the 1st quarter. Entropy Technologies LP now owns 16,898 shares of the company's stock valued at $104,000 after purchasing an additional 3,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Yext by 1.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company's stock valued at $2,593,000 after purchasing an additional 4,802 shares during the period. Finally, Summit Trail Advisors LLC increased its position in Yext by 2.8% during the 1st quarter. Summit Trail Advisors LLC now owns 193,259 shares of the company's stock valued at $1,190,000 after purchasing an additional 5,220 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on YEXT. Needham & Company LLC reissued a "buy" rating and set a $10.00 target price on shares of Yext in a research report on Monday, August 18th. Wall Street Zen downgraded shares of Yext from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. DA Davidson raised their target price on shares of Yext from $7.50 to $8.25 and gave the company a "neutral" rating in a research report on Thursday, June 5th. B. Riley raised shares of Yext from a "neutral" rating to a "buy" rating and raised their target price for the company from $7.00 to $10.00 in a research report on Wednesday, June 4th. Finally, Zacks Research downgraded shares of Yext from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Yext currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.44.

Yext Stock Performance

NYSE:YEXT opened at $8.93 on Friday. Yext has a fifty-two week low of $5.51 and a fifty-two week high of $9.20. The stock has a market capitalization of $1.09 billion, a P/E ratio of -49.58 and a beta of 1.01. The company's 50-day simple moving average is $8.41 and its 200-day simple moving average is $7.34.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.

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